There is no market sector that has been as embraced as heartily as financials
But, the domestic economy is slowing, the Trump regulatory and fiscal policy put may be waning, the yield curve is flattening, interest rates are contained, protectionism is rising around the world and bank valuations are back to pre-crisis levels. Sell financial stocks.
“Skepticism is the chastity of the intellect; do not surrender it lightly.”
–Richard Fisher’s mother (Richard is the former president of the Federal Reserve Bank of Dallas)
Group stink has never been more conspicuous…

Todays regulators must react to fast-paced technological change like ridesharing services offered by Uber and Lyft. These regulators are making decisions that will likely have a big impact on the pace and direction of innovation. If they are not careful, their policy interventions could hurt both the economy and consumers.
For example, earlier this month, Uber lost a court battle in the UK that would require London cabbies to pass an English test. Lawyers for Uber argued the language requirement would cause 33,000 existing drivers to lose their livelihoods, and that the rule is excessive….

With Janet Yellen expected to depart after her first term, interviewers frequently ask me whom I would choose as her replacement as Chairman of the Federal Reserve. My answer is always the same: David Malpass.
While the Federal Reserve presently serves no useful purpose such that its shuttering would affect a tiny percentage of the U.S. whole, the reality is that it still exists. And its going to exist for a long time.
The Fed will always be with us simply because politicians will never abolish what is a convenient whipping boy every time the U.S. economy slows. Even though the…

A video recorder in a Colorado laundromat is just one of hundreds of thousands of connected devices that host malicious software. Often left without adequate protections, these devices are drafted into ‘botnets’ that are constantly attacking the internet.

A video recorder in a Colorado laundromat is just one of hundreds of thousands of connected devices that host malicious software. Often left without adequate protections, these devices are drafted into ‘botnets’ that are constantly attacking the internet.